Virginia Beach Home Loans: October 2007

Bye Bye FF

We just got news not five minutes ago from our rep that FF is ka-put. They just went out of business. I really thought that they may weather the storm. They seemed to be pretty strong in this market, just a couple of weeks ago they re-released their CORE product line.

I guess meryl had enough. Interestingly Decision one was shut down last friday. I was begining to think that we had already seen the bottom fall out of this subprime fiasco. I guess not.

I wonder who will go next, I wonder if there will be any remotely risky loans left when this is all said and done. Very strange market that we are operating in.

Christopher Ohlsen

37 Boynton Ave

(845) 243-5293 (Office)

(518) 565-0799 (Cell)

www.plattsburghmortgage.net

chris.ohlsen@guaranteedrate.com

 

 

Comment balloon 3 commentsChristopher Ohlsen • October 04 2007 03:21PM
Bye Bye FF
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